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Featured local agent — Franklin, IN
Sarah Mitchell
Compass Real Estate · Franklin, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Franklin, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$290,000median sale price
How is the Franklin, IN housing market right now?
The median home sale price in Franklin, IN is $290,000, up 6.0% year-over-year. Homes sell in an average of 17 days with 64 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Franklin a buyer's or seller's market?
Franklin, IN is currently a seller's market, based on 1.6 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
41
Last 12 weeks
Days on market
17
Fast-moving
Active listings
64
1.6 months supply
Sale-to-list
98.9%
Below asking
What does the Franklin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $290,000 |
| Median list price | $294,900 |
| Year-over-year price change | +6.0% |
| Average days on market | 17 days |
| Active inventory | 64 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $167/sq ft |
| Homes sold (latest month) | 41 |
| New listings (latest month) | 43 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin by property type?
How the Franklin, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $300,000 | $167/sq ft | 40 | 19 days |
| Condo / Co-op | $287,500 | $195/sq ft | 2 | 40 days |
Source: Redfin · Updated monthly
The Franklin housing market is currently classified as a seller's market with a median sale price of $290,000. Prices have risen 6.0% compared to last year, with homes spending an average of 17 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Franklin
There are currently 64 homes listed for sale in Franklin, Indiana. The median listing price is $295K.
Active listings
64
Homes on market
Median list price
$295K
Avg. days on market
17
Days until sale
New this week
43
Newly listed
Who lives in Franklin?
Population
25,999
Median income
$77,305/yr
Median age
34 years
Owner-occupied
66.4%
College grads
24.6%
Avg commute
24.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Franklin?
Zillow home value
$285,391
Zillow rent index
$1,808/mo
Price-to-rent ratio
13.2x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Franklin?
Franklin is a community of approximately 26K residents with a median age of 34 years.The median household income is $77,305, which reflects a relatively affluent area with strong earning potential. 24.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Franklin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Franklin?
8 schools tracked · 5,223 students
The largest public schools serving Franklin, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Franklin Community High School
Grades 9-12 · 1,590 students
Franklin Community Middle School
Grades 7-8 · 741 students
Custer Baker Intermediate School
Grades 5-6 · 736 students
Creekside Elementary School
Grades PK-4 · 528 students
Northwood Elementary School
Grades PK-4 · 506 students
Clark Elementary School
Grades K-5 · 501 students
Needham Elementary School
Grades PK-4 · 336 students
Webb Elementary School
Grades PK-4 · 285 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Franklin, IN?
Want a head-to-head view? Compare Franklin side-by-side with any other U.S. city using our market-comparison tool.
Is Franklin a good real estate investment market?
For investors evaluating Franklin, the price-to-rent ratio of 13.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 6.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Franklin's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Franklin's median home price.
Frequently asked questions
What is the average home price in Franklin?
The median home sale price in Franklin is $290,000, up 6.0% from last year.
How long do homes stay on market in Franklin?
Homes typically spend 17 days on market before going under contract.
What is the median income in Franklin?
The median household income is $77,305 per year.
Is Franklin a buyer's or seller's market?
With 1.6 months of supply, Franklin is currently a seller's market.
What is the Zillow home value estimate for Franklin?
The Zillow Home Value Index (ZHVI) for Franklin is $285,391, representing the typical home value in the area.
What is the median condo price in Franklin?
The median condo/co-op sale price in Franklin, IN is $287,500, compared to $300,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Franklin?
The median single-family home price in Franklin, IN is $300,000 (about $167 per square foot).
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